Numismatic Paper Money, Bank Notes & Military Payment Certificates

A banknote (often known as a bill, paper money or simply a note) is a kind of negotiable instrument, a promissory note made by a bankmoney, and in many jurisdictions is legal tender. Along with coins, banknotes make up the cash or bearer forms of all modern fiat money.
With the exception of non-circulating high-value or precious metal
commemorative issues, coins are used for lower valued monetary units,
while banknotes are used for higher values. payable to the bearer on demand, used as

History:

Paper money originated in two forms: drafts, which are receipts for
value held on account, and "bills", which were issued with a promise to
convert at a later date.

Money is based on the coming to pre-eminence of some commodity as
payment. The oldest monetary basis was for agricultural capital: cattle
and grain. In Ancient Mesopotamia, drafts were issued against stored grain as a unit of account. A "drachma" was a weight of grain. Japan's feudal system was based on rice per year â€“ koku.

At the same time, legal codes enforced the payment for injury in a
standardized form, usually in precious metals. The development of money
then comes from the role of agricultural capital and precious metals
having a privileged place in the economy.

Such drafts were used for giro systems of banking as early as Ptolemaic Egypt in the 1st century BC.

The perception of banknotes as money has evolved over time. Originally, money was based on precious metals. Banknotes were seen as essentially an I.O.U. or promissory note: a promise to pay someone in precious metal on presentation (see representative money). With the gradual removal of precious metals from the monetary system, banknotes evolved to represent credit money, or (if backed by the credit of a government) also fiat money.

Notes or bills were often referred to in 18th century novels and were
often a key part of the plot such as a "note drawn by Lord X for Â£100
which becomes due in 3 months time"

Los
Angeles, California. November 5th, 1907. $1. Issued depression scrip.
Black and green on light green, back green with eagle. Two small holes along center fold line. Scarce 1907 scrip
note that is seen infrequently and one of the few notes seen from Los
Angeles.

We are pleased that you have taken the time to visit our store, we try to be accurate with our descriptions and offer zoom on the photos. If you have questions please Email us or call us we will be happy to assist you were we can email . We will also consider any reasonable offers that you submit.